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Wow, Yakk, you're getting into foreign currencies and speculation tyoe stuff now. My head hurts...
What I don't understand (slightly off topic) is why are you selling your US assets? I've always assumed that while possible, it is rather unlikely that the US$ will crash. I know it's declining right now, but would it really crash?
My reasoning is because of the importance of the US in terms of world economy, it seems unconceivable the US$ would crash. Or that major economies would let it.
Secondly, it is my understanding that China and Japan hold a significant amount of US$ in their reserves. I don't think they would "let" the dollar fall too hard. In fact, don't they end up "propping" up our dollar by buying more $$ for exactly that reason (to prevent the US$ from falling). Aren't we too integrated for something like this too happen? I think this is one of the inherent dangers and problems when we run too much deficit or borrow from other countries too much. We leave ourselves too vulnerable.
So hey, while we're on the subject, do you think the Chinese should float the Yuan?
Ok, so I agree, cutting off SS abruptly would be a "rude awakening" for sure. But what about a phase out?
(back to the drawing board...)
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